Air New Zealand 1H Profit Up 154%
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Air New Zealand's first half profit increased by 154%, reaching $225 million, largely due to low fuel prices. The company forecasts a full-year profit rise of up to 70%, surpassing half a billion U.S. dollars. Their 25% stake in Virgin Australia also contributed to profits. Chairman Tony Carter expressed delight over the performance, which supports expansion into new markets like Houston and Vietnam. Shareholders will receive a $0.10 dividend, up from 6.5 cents, as the stock climbs modestly.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
Which company did Air New Zealand have a 25% stake in?
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2.
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3 mins • 1 pt
What new markets is Air New Zealand planning to expand into?
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